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Best Momentum Stock to Buy for July 7th

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 7th:

Applied Materials (AMAT - Free Report) : This company, which is a is a leading supplier of equipment used to manufacture semiconductor devices, flat panel displays and solar photovoltaic (PV) products, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.

Applied Materials' shares gained 53.9% over the last three month compared with the S&P 500’s gain of 11.2%. The company possesses a Momentum Score of A.

Onto Innovation (ONTO - Free Report) : This company, which engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States and internationally, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.5% over the last 60 days.

Onto Innovation's shares gained 26.4% over the last three month compared with the S&P 500’s gain of 11.2%. The company possesses a Momentum Score of A.

Bassett Furniture Industries (BSET - Free Report) : This company, which is a leading manufacturer and marketer of high quality, mid-priced home furnishings, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.2% over the last 60 days.

Bassett Furniture Industries' shares gained 39.4% over the last three month compared with the S&P 500’s gain of 11.1%. The company possesses a Momentum Score of B.

 

See the full list of top ranked stocks here

 

Learn more about the Momentum score and how it is calculated here.

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